Springmill
Crossing

Springmill CrossingSpringmill CrossingSpringmill Crossing

Springmill
Crossing

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      • New to the Neighborhood?
      • Cross-Talk Newsletter
      • Pool
      • Tennis/Pickleball Courts
      • Babysitter Directory
      • Swim Club
      • Neighborhood Map
      • Photo Gallery
    • POA Information
      • Board of Directors
      • Committee Chairs
      • Block Captains
      • Board Minutes
      • Annual Dues
      • Financial Information
      • POA Governing Documents
      • Mailbox Replacement
      • Report Street Light Out
      • Snow Removal
      • New Construction Approval
      • Refinance/Closing Letters
      • Yard Sign Restrictions
      • Solar Panels Approval
    • Community
      • City of Carmel
      • Hamilton County
      • Carmel-Clay Schools
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      • Door-to-Door Solicitation
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  • Home
  • Social
    • New to the Neighborhood?
    • Cross-Talk Newsletter
    • Pool
    • Tennis/Pickleball Courts
    • Babysitter Directory
    • Swim Club
    • Neighborhood Map
    • Photo Gallery
  • POA Information
    • Board of Directors
    • Committee Chairs
    • Block Captains
    • Board Minutes
    • Annual Dues
    • Financial Information
    • POA Governing Documents
    • Mailbox Replacement
    • Report Street Light Out
    • Snow Removal
    • New Construction Approval
    • Refinance/Closing Letters
    • Yard Sign Restrictions
    • Solar Panels Approval
  • Community
    • City of Carmel
    • Hamilton County
    • Carmel-Clay Schools
    • Republic Trash/Recycling
    • Door-to-Door Solicitation
    • Lawn Drainage Issues
  • Events
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POA Annual Budget

2025 APPROVED BUDGET

This 2025 budget for the Springmill Crossing POA was approved during the December 9 POA board meeting after debate. It was made possible by the $600 annual dues of the 332 Springmill Crossing POA members.


Revenue ($)

199,200 - Member Dues ($600 x 332 homes)

1,500 - Title Company Closing Cost Fees ($75 per closing)        

500 - Cross-Talk Advertising Income

15 - Interest Income:          


$201,415 - Total cash inflows


Expenses ($)

54,853 - Pool Management  

52.889 - Grounds Maintenance  

26,000 - Pool Maintenance/Repairs (pool surface painting, kiddie pool skimmer replacement)  

25,000 - Repairs and Improvements (136th St. tree project)  

15,800 - Utilities (Electricity, Gas, Phone, Trash, Water)  

13,493 - Insurance (Property and D&O)  

2,500 - Legal    

2,225 - Social    

2,000 - Misc.  (Postage, PO Box, Supplies)    

2,000 - Mailbox Repairs    

1,000 - Tennis and Pickleball Courts       

112 - Taxes       


197,871 - Total cash outflows                  

75,900 - Estimated remaining cash balance at end of 2025                    


2024 APPROVED BUDGET

This 2024 budget for the Springmill Crossing POA was approved during the December 4 board meeting after debate and amended after the January 16, 2024 special meeting. Since that approval, the remaining $148,800 pool repair ($12,750 was paid in 2023) and $500 special assessment have been added after POA approval at a special meeting.


Revenue

199,200 - Member Dues ($600 x 332 homes)

166,000 - Special Assessment ($500 x 332 homes)

750 - Title Company Closing Cost Fees ($75 per closing)        

500 - Cross-Talk Advertising Income

12 - Interest Income:          


366,462 - Total cash inflows


Expenses

148,800 - Capital Projects ($148.8k pool skimmers trunk lines, deck, 12.75 paid in 2023)

53,777 - Pool Management  

52.086 - Grounds Maintenance  

24,300 - Pool Maintenance/Repairs ($20k maint., $1.8k chair straps, $2.5k tables)  

20,000 - Repairs and Improvements ($13.5k 136th St. tree replacement project)  

14,500 - Utilities (Electricity, Gas, Phone, Trash, Water)  

12,928 - Insurance (Property and D&O)  

2,323 - Legal    

2,000 - Misc.  (Postage, PO Box, Supplies)    

2,000 - Social    

1,746 - Neighborhood Directory (Every Other Year Printing)    

1,000 - Mailbox Repairs    

835 - Tennis and Pickleball Courts       

112 - Taxes       


336,407 - Total cash outflows                  

72,357 - Cash balance at end of 2024                    


2023 APPROVED BUDGET

This 2023 budget for the Springmill Crossing POA was reviewed and approved during the
December 6, 2022 board meeting after board debate. This budget is made possible by your $500 annual dues.


Revenue:

$166,000 — Member Dues ($500 x 332 homes)

          960 — Cross-Talk Advertising Income

           750 — Title Company Closing Cost Fees ($75 per closing)  

              12 — Interest Income

$167,722 — Total cash inflows


Expenses:

$51,927 — Grounds Maintenance

 44,692 — Pool Management

 15,000 — Repairs and Improvements (Grounds)

 15,000 — Pool Maintenance/Repairs (New Bathroom/Pump Room Doors; Concrete Repairs)

 13,400 — Utilities (Electricity, Gas, Phone, Trash, Water)

 11,981 — Insurance (Property and D&O)

  5,500 — Snow Removal

  2,500 — Misc. Expenses (Postage, PO Box, Supplies)

  2,000 — Legal

  2,000 — Social

  1,000 — Tennis and Pickleball Courts

     600 — Mailbox Repairs

       112 — Taxes

$165,712 — Total cash outflows

$57,312 — Estimated Capital Reserves 

 

2022 APPROVED BUDGET

This 2022 operating budget for the Springmill Crossing POA was reviewed, debated, and approved by unanimous vote during the December 7, 2021 POA board meeting. This year’s more notable expenses include replacement of two Spring Mill entrance trees and another on Spring Mill Rd., replacement of pool bldg. siding, replacement of pool privacy screens, adding two pickleball courts to an existing tennis court, printing of the biennial neighborhood directory, improved flower density at the entrances after a 2021 experiment, and a chemical price increase for pool mgmt. 

 

$166,000  –  Member Dues ($500 x 332 Homes)
         800  –  Cross-Talk Advertising Income
          750  –  Title Company Closing Cost Fees ($75 Per Closing)

             25  –  Interest Income
$167,575  –  Total Cash Inflow 


$47,340  –  Grounds Maintenance
  44,692  –  Pool Management

    12,700  –  Utilities (Electricity, Gas, Phone, Trash, Water)

    12,500  –  Repairs and Improvements (Grounds)
   10,538  –  Insurance (Property and D&O)
    6,000  –  Pool Maintenance & Repairs (Exterior Siding, Bathroom Screens)

       5,500  –  Snow Removal

       2,750  –  Misc. Expenses (Postage, PO Box, Supplies, Biennial Directory)
      2,100  –  Tennis Courts (Pickleball Court Lines and Portable Nets)
      2,000  –  Legal
      2,000  –  Social
         600  –  Mailbox repairs
            87  –  Taxes
$149,184  –   Total cash outflows

$53,775 — Capital Reserves

2021 APPROVED BUDGET

     

This 2021 operating budget for the Springmill Crossing POA was reviewed, debated, and approved by unanimous vote during the December 1 POA board meeting. This year’s major repair and capital projects will include renovation of the 136th St. entrance structures (adding limestone caps and tuck pointing the mortar as was completed at the Spring Mill Rd. entrance in Spring 2020), re-landscaping each entrance, replacing the toilet dividers and re-coating the  floors in the pool bathrooms, and planting trees by the pool parking lot. This budget is made possible by your $500 annual dues. 

 

$166,000  –  Member dues ($500 x 332 homes)
      1,000  –  Cross-Talk advertising income
      1,000  –  Title company closing cost fees ($75 per closing)

            65  –  Interest income
$168,065  –  Total cash inflow 


$50,000  –  Grounds maintenance
  38,863  –  Pool management
  26,000  –  Capital project (136th St. Limestone Caps):
   15,000  –  Pool maintenance and repairs (Bathroom Projects)

     12,050  –  Utilities (Electricity, Gas, Phone, Trash, Water)

     10,538  –  Insurance
    10,000  –  Repairs and improvements (Grounds)
      5,500  –  Snow removal
      2,938  –  Legal
      2,200  –  Misc. expenses (Postage, PO Box, Supplies)
      2,000  –  Social
      1,000  –  Mailbox repairs
         100  –  Taxes
           60  –  Tennis courts

$176,249  –   Total cash outflows

$35, 281 — Capital Reserves

   

       

     



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